by Jill Burzynski | Sep 18, 2015 | Blog, Caregiver Issues, Medicaid
Four in ten U.S. adults are now caring for a sick or elderly family member as more people develop chronic illnesses and the population ages (Reuters). These caregiving responsibilities can take both a physical and financial toll on the family members. Spending time...
by Jill Burzynski | Aug 31, 2015 | Blog, Medicaid, Uncategorized
When a person applies for Florida’s Medicaid’s Institutional Care Program (skilled nursing home care, Home and Community Based Waiver, and the PACE) he or she must report any amounts transferred within 60 months. Non-exempt transfers are subjected to an...
by Jill Burzynski | Jul 28, 2015 | Blog, Estate Planning, Financing Long Term Care, Medicaid, Veterans' Benefits
We have had the unfortunate situation with some married clients over the past year of finding that the revocable living trusts prepared in the past severely limited the possibility of asset protection planning when facing long term care. Many people have been sold...
by Jill Burzynski | Jul 28, 2015 | Blog, Caregiver Issues, Financial Products and Issues, Financing Long Term Care, Health Care Advocacy, Medicaid
Our Life Care Planning service includes advocacy issues that some never contemplate when considering our services. For instance, around six months ago we were hired by a 78 year old woman who was living independently in her home. Several months later, she fell and...
by Jill Burzynski | Jul 10, 2015 | Medicaid
An individual can gift $14,000 per beneficiary per year without incurring gift tax liability. Seniors often gift $14,000 or less because they think that amount is “legal.” However, such gifts can eliminate or delay potential eligibility for Medicaid. The...
by Jill Burzynski | Jul 10, 2015 | Medicaid
We often meet with prospective clients who have decided to convey real property to their children or other beneficiaries for various reasons. Sometimes we hear that the goal is “avoiding probate.” Other times we hear that the purpose is to prevent the government from...